Markets started 2023 off on the wrong foot with a “risk-off” day across commodities. Soybeans, soybean meal and wheat saw the most pressure on the day with livestock down moderately across cattle and hogs. A sharply higher U.S. dollar was one of the culprits of the lower market trade across commodities.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
Also, more analysis with Brian Splitt of AgMarket.net and Jesse Allen on today’s Market Talk below: